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Is there an indicator that gives the +/- angle of a trendline?
For example a 25 day exponential moving average or an adaptive
moving average.
I have looked at several trendline score indicators
but they seem to have a lag.
After the line starts pointing up it is still showing a minus score
for quite a while and after the line starts pointing down it still
shows a plus score for a while .
Also the angle would be better than a score as you could wait for -
5 or -10 degrees before you exited.
It would also help with the entry.
I have done several backtests where the trendlines of some of the
stocks selected were still pointing downwards to the naked eye.
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